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From this May till end of ’23, Kuwait to voluntary cut oil production of 128,000 bpd

The State of Kuwait will implement a voluntary cut of 128,000 barrels per day from the month of May till the end of 2023, in coordination with some OPEC and non-OPEC Participating Countries in the Declaration of Cooperation, Deputy Prime Minister and …
April 2, 2023

The State of Kuwait will implement a voluntary cut of 128,000 barrels per day from the month of May till the end of 2023, in coordination with some OPEC and non-OPEC Participating Countries in the Declaration of Cooperation, Deputy Prime Minister and Oil Minister Bader Al-Mulla said in a press release Sunday.

This voluntary cut is a precautionary measure in addition to the reduction in production agreed at the 33rd OPEC and non-OPEC Ministerial Meeting on October 5, 2022, the minister added.

Source: Kuwait News Agency

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